Brown Technical Institute (BTI), a school owned by Paul Brown, provides training to Individuals who pay tuition directly to the school. BTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2022, is found on the trial balance tab BTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through that require adjusting entries on December 31 follow. a. An analysis of BTI's insurance policies shows that $2,450 of coverage has expired, b. An inventory count shows that teaching supplies costing $2,840 are available at year-end. c. Annual depreciation on the equipment is $8,200. d. Annual depreciation on the professional library is $9,400 e. On November 1, BTI agreed to do a special six-month course (starting immediately for a client. The contract calls for a monthly fee of $2,600, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited 1. On October 15, BTI agreed to teach a four- month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,200 of the tuition has been earned by BTI 9. BTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $120 per day for each employee h. The balance in the Prepaid Rent account represents rent for December Use the drop-downs to select the accounts properly included on the income balances will appear for each account, based on your selection. Adjusted Brown Technical Institute Income Statement For Year Ended December 31, 2022 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 Net income Trial Balance St of Retained Earnings Unadjusted Brown Technical Institute Trial Balance December 31, 2022 Account Title Debit Credit $ 37.125 8,050 7,350 3,200 47,000 18,800 82,000 1 1 2 Cash Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation - Professional library Equipment Accumulated depreciation - Equipment Accounts payable Uneamed training fees Common stock Retained earings Dividends Tuition fees earned Training foes earned Salaries expense Rent expense Advertising expense Utilities expense Total 16,400 27,200 13,000 8,000 84,000 50,300 125.000 40,500 50,200 35,200 6,025 6,450 332,900 $ 332.900